Warburg Pincus and Silver Lake acquire financial market data provider in one of the largest private equity buyouts in recent years.

On May 4, it was announced that Interactive Data Corporation, a leading provider of financial market data, has entered into a definitive agreement to be acquired by investment funds managed by Willkie client Warburg Pincus and Silver Lake. One of the largest private equity buyouts in recent years, the deal is valued at $3.4 billion. Under the agreement, Interactive Data's stockholders will receive $33.86 in cash for each share of Interactive Data common stock they own. The transaction has been approved by Interactive Data’s majority stockholder, Pearson PLC - the British publisher of the Financial Times.

Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to Interactive Data’s fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Based in Bedford, MA, the company has more than 2,400 employees in offices worldwide. Warburg Pincus is a leading global private equity firm with more than $30 billion in assets under management. The deal was handled by partners Steven Gartner and Robert Langdon, and associates Kenneth Sicklick and Ameesha Hosmane.